• New Market Tax Credit #151

  • 2022/10/06
  • 再生時間: 40 分
  • ポッドキャスト

New Market Tax Credit #151

  • サマリー

  • The New Markets Tax Credit (NMTC) Program is a federally funded program designed to attract private investment into distressed communities. Investors are incentivized to provide outside capital in exchange for credits against their federal income tax liability. Host Damien Martin sits down with guest Wes Ernst to discuss this sometimes-overlooked incentive and a new tool he helped to develop that improves speed, increases accuracy, and drives value through the entire NMTC process.

    Here’s what they discuss:

    • Who is Wes Ernst? [01:19]
    • What’s the NMTC and how does it work? [05:28]
    • What industries are good candidates for the NMTC? [16:11]
    • Are there compliance considerations? [24:18]
    • What’s the future of the NMTC? [26:40]
    • How did Wes come to work with the NMTC? [32:47]
    • Closing thoughts from Wes [36:59]

    Learn more about Wes and get additional resources with the show notes to this episode here!

    GET MORE SIMPLY TAX

    We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel.

    A complete archive of our episodes is available on our website and YouTube playlist.

    We’d love to hear from you! Email feedback and questions to SimplyTax@FORVIS.com.

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あらすじ・解説

The New Markets Tax Credit (NMTC) Program is a federally funded program designed to attract private investment into distressed communities. Investors are incentivized to provide outside capital in exchange for credits against their federal income tax liability. Host Damien Martin sits down with guest Wes Ernst to discuss this sometimes-overlooked incentive and a new tool he helped to develop that improves speed, increases accuracy, and drives value through the entire NMTC process.

Here’s what they discuss:

  • Who is Wes Ernst? [01:19]
  • What’s the NMTC and how does it work? [05:28]
  • What industries are good candidates for the NMTC? [16:11]
  • Are there compliance considerations? [24:18]
  • What’s the future of the NMTC? [26:40]
  • How did Wes come to work with the NMTC? [32:47]
  • Closing thoughts from Wes [36:59]

Learn more about Wes and get additional resources with the show notes to this episode here!

GET MORE SIMPLY TAX

We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel.

A complete archive of our episodes is available on our website and YouTube playlist.

We’d love to hear from you! Email feedback and questions to SimplyTax@FORVIS.com.

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